85S10722 TJB-D
 
  By: Uresti H.J.R. No. 41
 
 
 
A JOINT RESOLUTION
  proposing a constitutional amendment to limit the amount of ad
  valorem taxes that a municipality may impose for a temporary period
  on property located in an area annexed by the municipality.
         BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS:
         SECTION 1.  Article VIII, Texas Constitution, is amended by
  adding Section 1-q to read as follows:
         Sec. 1-q.  (a) This section applies only to the ad valorem
  taxation by a municipality of property located in an area that is
  first included in the corporate boundaries of the municipality on
  or after January 1, 2019, as the result of the municipality's
  annexation of the area.
         (b)  Notwithstanding any other law, the total amount of ad
  valorem taxes imposed by the municipality on the property for each
  of the first four years for which the municipality is authorized to
  tax the property is as follows:
               (1)  for the first tax year, 20 percent of the amount of
  taxes imposed by the municipality on the property for that tax year
  as otherwise calculated under law;
               (2)  for the second tax year, 40 percent of the amount
  of taxes imposed by the municipality on the property for that tax
  year as otherwise calculated under law;
               (3)  for the third tax year, 60 percent of the amount of
  taxes imposed by the municipality on the property for that tax year
  as otherwise calculated under law; and
               (4)  for the fourth tax year, 80 percent of the amount
  of taxes imposed by the municipality on the property for that tax
  year as otherwise calculated under law.
         (c)  The legislature by general law may prescribe procedures
  for the administration of this section.
         SECTION 2.  This proposed constitutional amendment shall be
  submitted to the voters at an election to be held November 6, 2018.
  The ballot shall be printed to permit voting for or against the
  proposition: "The constitutional amendment to limit the amount of
  ad valorem taxes that a municipality may impose for a temporary
  period on property located in an area annexed by the municipality."